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Regime: Mixed. VIX at 17.90 suggests some risk appetite, but yields are stable and DXY firm, indicating caution. Today’s market themes: US PCE inflation and GDP data set the tone for Fed expectations. Nikkei’s AI-driven surge contrasts with Hang Seng’s weakness. Commodity divergence: Copper strong, Oil soft on supply news. The…
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Where we are: The DXY is trading around 101.62, a touch higher on the session and holding near its 13-month highs. Overnight action saw a mixed picture across Asian and European equities, with the Nikkei showing significant strength while the Hang Seng lagged. US futures are currently flat, indicating a cautious…
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Where we are: Gold is trading just above the $4,000 handle, down fractionally on the day at $4007.90. This puts bullion hovering near recent multi-month lows, with overnight price action showing a tight range as European markets digested yesterday’s US session. We’re sitting slightly below yesterday’s New York close, with the…
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Where we are: EUR/USD is trading at 1.1366, up 0.04% on the day. The pair has bounced off overnight lows, finding some support just above the 1.1350 mark. This move is modest, but it’s clawing back some of yesterday’s weakness and sits just below the prior New York close. The immediate…
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Where we are: The Nasdaq 100 futures are trading up a solid 2.31% d/d at 30197.25, recovering from a softer open in European hours where the cash index dipped to 29220.06. Overnight gains were driven by a strong rebound in Asian and European tech, building on positive sentiment from US chipmaker…
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Where we are: GBP/USD is trading at 1.3185, up 0.16% on the session. The pair has seen a modest upward drift through the European session, building on overnight gains and now sitting just above the prior New York close. We’re trading within the overnight range, but the momentum is clearly to…
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Analysis failed: {“error”:{“code”:429,”message”:”Resource exhausted. Please try again later. Please refer to https://cloud.google.com/vertex-ai/generative-ai/docs/error-code-429 for more details.”,”status”:”RESOURCE_EXHAUSTED”}}
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Where we are: USD/CAD is trading at 1.4224, marginally softer on the session and down 0.05% day-on-day. After a quiet overnight session, the pair is holding just above the 1.4200 handle, a level that has seen some consolidation. We are currently trading below the prior New York close, with the immediate…
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Where we are: Bitcoin is trading around $61,213, a modest 0.38% higher on the day. We’ve seen a tight overnight range, consolidating just above yesterday’s New York close. The immediate focus is on the upcoming US data releases, which will likely dictate short-term price action. What’s driving it: The asset-specific picture…
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Snapshot: AUD/USD is trading at 0.6910, up 0.10% on the day. The Reserve Bank of Australia’s hawkish hold stance, underscored by elevated inflation and explicit optionality to hike further, remains the dominant domestic driver. Today’s catalyst is the US PCE data release at 08:30 ET. RBA’s hawkish hold bias, with CPI…
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Snapshot: WTI Crude is trading at $69.81, down 0.75% on the day. The primary driver remains the reopening of the Strait of Hormuz, flooding markets with supply and erasing recent gains. Today’s US Core PCE and GDP data at 08:30 ET will be key for sentiment. US Crude Stocks: EIA data…
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Snapshot: The Nikkei 225 is trading up a staggering 4.61% at 72,366, driven by a potent cocktail of AI optimism and a constructive outlook from Micron. Today’s Tokyo Core CPI print at 08:30 JST is the immediate domestic focus, with expectations for a tick higher to 1.6%. Nikkei 225 level: 72,366…
